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In a tough 2022, China’s economic governance inspires stability, US protectionism wreaks havoc globally

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global times By Wang Cong and Tao Mingyang China's ultra-efficiency in policymaking and implementation has been on full display in the last week of 2022. After the nation's top health authority on →

Gulf reliance on trade with China keeps increasing

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asia times by Emilie Rutledge In early December, Chinese President Xi Jinping met with the Gulf Cooperation Council (GCC) – a group made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the →

Amid tough US chip chat, S Koreans turn anti-China

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asia times by Andrew Salmon South Korean President Yoon Suk-yeol urged additional tax breaks for the domestic semiconductor industry as the nation’s flagship export sector reels from a perfect storm →

Economic Corridor “China — Mongolia — Russia”: Infrastructure in Focus

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​modern diplomacy​​​ By Victoria Namzhilova With logistical flows redirected, Russia’s interest in the opportunities of east-bound transport routes, including transit via Mongolia to China and on to →

Germany's energy crisis powers hydrogen switch

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reuters By Louisa Off and Riham Alkousaa From the moment Russian gas exports to Germany were first disrupted in June, German firm Kelheim Fibers began casting around for alternative options to keep →

Belgian electricity prices drop to lowest level since May

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​brussels times​​​ On Tuesday, the European electric power exchange EPEX SPOT unveiled its latest figures for the wholesale price of electricity in the final month of 2022, a year marked by →

The US Dollar Will Continue as the World’s Reserve Currency

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modern diplomacy By Richard E. Caroll Despite the current glut of article’s questioning the status of the currency of the United States and its role as the global reserve currency, the US dollar will →

US vs China – “semiconductor arms race” in microelectronics

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​modern diplomacy​​​ By Vladimir Petrovsky In a recent article, Foreign Affairs – a New York-based journal of international relations, predicted the inevitability of an “economic arms race” between →

US sanctions bite as Huawei runs out of phone chipsets

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asia times by Jeff Pao HiSilicon, a fabless semiconductor unit of China’s Huawei Technologies, has used up all its smartphone chipset inventory with no clear source of new supplies as Taiwanese fabs →

Is Bangladesh Truly Free of Currency Crisis?

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modern diplomacy By Masfi-ul-Ashfaq Nibir Recently, Nomura Holdings, the leading brokerage and investment bank in Japan has published a report that 7 countries are at high risk of a currency crisis. →

The economic realities we face at the end of 2022

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asia times by Richard D Wolff Economies around the world were shocked and damaged over the course of 2022. Global capitalism had been brewing conflicts among the major powers (the United States, →

China, Japan again sell US debt; China's holdings hit 12-year low

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global times China's US Treasury holdings fell to a 12-year low in October, marking the second straight month of cuts and leaving its holdings below $1 trillion for the sixth straight month, latest →

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